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    1833 Main St Waterbury, CT 06705

    For Sale
    $450,000

    Prime location, 100% occupied, NNN lease.

    Property size:
    3,228 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This 3,228 square foot retail building, located at 1833 East Main Street in Waterbury, Connecticut, presents a compelling investment opportunity. Built in 1963, the property sits on a 0.34-acre dry, level lot and is zoned RM. Currently operating as a fully occupied automotive service garage, the building features four drive-in doors and is in excellent condition. The single tenant is under a triple net (NNN) lease, extending until October 31, 2027, with a five-year option. Utilities include electric, gas, telephone, and cable, with public water and sewer connections. The asking price is $450,000. This property offers a strong, stable income stream in a desirable Waterbury location. The building's size and configuration make it suitable for a variety of retail uses, providing flexibility for future tenants. This is an exceptional opportunity to acquire a well-maintained, income-producing asset in a thriving commercial area of New Haven County.

    Property Features for 1833 Main St

    General Information

    Property type
    Retail properties
    Square Feet
    3,228 SF
    Lot Size
    14,810 SF

    Building Details

    Year Built
    1963
    Units
    1

    HighLights

    • Utilities: Electricity, gas, telephone, and cable available.
    • Public water and sewer.
    • Level lot.
    • Commercial property for sale.
    • Built in 1963.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ray's Hill St. ... Auto Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0115541
    Latitude
    41.5451371

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    FAQs

    What type of property is this?
    Retail property - Prime location, 100% occupied, NNN lease.
    Where is this retail property located?
    The property is located at 1833 Main St Waterbury, CT.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Utilities: Electricity, gas, telephone, and cable available.; Public water and sewer.; Level lot.
    (203) 525-5134
    Request Owner's contact information
    1833 Main St Waterbury, CT 06705
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    Waterbury, CT 06705
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1833 Main St Waterbury, CT 06705
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